Adobe Inc. $ADBE Stock Holdings Trimmed by SLT Holdings LLC

SLT Holdings LLC cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,604 shares of the software company’s stock after selling 79 shares during the quarter. SLT Holdings LLC’s holdings in Adobe were worth $621,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Aberdeen Group plc grew its holdings in shares of Adobe by 9.5% during the second quarter. Aberdeen Group plc now owns 538,195 shares of the software company’s stock valued at $207,905,000 after purchasing an additional 46,541 shares during the last quarter. Zullo Investment Group Inc. grew its holdings in shares of Adobe by 4.2% during the second quarter. Zullo Investment Group Inc. now owns 892 shares of the software company’s stock valued at $345,000 after purchasing an additional 36 shares during the last quarter. Greenwood Gearhart Inc. bought a new position in shares of Adobe during the second quarter valued at approximately $986,000. Strengthening Families & Communities LLC grew its holdings in shares of Adobe by 4.2% during the second quarter. Strengthening Families & Communities LLC now owns 1,112 shares of the software company’s stock valued at $430,000 after purchasing an additional 45 shares during the last quarter. Finally, Brucke Financial Inc. grew its holdings in shares of Adobe by 10.7% during the second quarter. Brucke Financial Inc. now owns 1,805 shares of the software company’s stock valued at $698,000 after purchasing an additional 175 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADBE has been the subject of several recent research reports. BMO Capital Markets lowered their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Friday, September 12th. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and lowered their target price for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Piper Sandler reduced their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Finally, Stifel Nicolaus reduced their price objective on Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $433.41.

Adobe Stock Performance

ADBE opened at $337.51 on Friday. The company has a market capitalization of $141.28 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The business has a 50 day moving average price of $351.67 and a two-hundred day moving average price of $370.78.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.